VITRIFICATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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Dominating Region: North America

North America dominates the vitrification industry with an estimated share of 38.2% in 2024. The region has a well-established market ecosystem driven by leading healthcare institutions that widely adopt vitrification procedures. Additionally, supportive government policies aid research and development in reproductive medicine. Major players like Merck KGaA in North America have led innovation through continuous investments and new product launches.

Fastest-Growing Region: Asia Pacific

The Asia Pacific region exhibits the fastest growth in the vitrification market. Countries like China and India contribute highly to market expansion due to their large population base and improving access to fertility services. Rising medical tourism alongside growing public awareness about vitrification are encouraging more patients in the region to opt for these procedures.

Vitrification Market Outlook for Key Countries

Innovation and Adoption in the U.S.

The U.S. vitrification market growth is driven by increased adoption of advanced cryopreservation techniques in stem cell research and assisted reproductive technologies (ART). Notably, the U.S. Food and Drug Administration (FDA) approved new vitrification techniques in February 2023, improving success rates in ART. This is in line with the growing demand for IVF procedures, which saw a rise of 8.2% in the U.S. from 2021 to 2022.

Expanding Assisted Reproductive Technology Services in India

The India vitrification industry is expanding due to the rising demand for Assisted Reproductive Technology (ART) services, supported by improvements in healthcare infrastructure. The launch of the National Fertility and In Vitro Fertilization (IVF) Promotion Scheme in January 2024 is expected to significantly increase cryopreservation practices across the country, boosting the market growth.

Government Initiatives for Egg Preservation in Japan

The vitrification market in Japan is projected to grow rapidly at a strong CAGR during the forecast period. In response to the country’s declining birth rate, the Japanese government is implementing targeted initiatives, including financial assistance for women to freeze their eggs. For example, in March 2023, the Tokyo Metropolitan Government announced plans to introduce a subsidy to help cover the costs of egg freezing for healthy women. These initiatives are expected to drive market competition by encouraging wider use of vitrification techniques for egg preservation.